Founder of Under Armour, Kevin Plank served as CEO until 2018 and has now returned to the role.
Stephanie Linnartz was tasked with turning around Under Armour's struggling business but will be leaving the company after just over a year on the job.
Under Armour CEO Kevin Plank returns to lead company after Stephanie Linnartz's departure
Under Armour, a sports apparel and equipment company based in Baltimore, Maryland, has announced that founder Kevin Plank will return as CEO on April 1. This marks the end of Stephanie Linnartz's tenure as CEO after just over a year on the job. Linnartz had been tasked with turning around Under Armour's struggling business and was expected to stay in her role for three years, but she will now be leaving the company. Kevin Plank, who founded Under Armour in 1996 and served as CEO until 2018, has returned to lead the company once again.
Stephanie Linnartz will be leaving the CEO role at Under Armour after just over a year on the job.
Kevin Plank, Under Armour's controversial founder and controlling shareholder, will again become its CEO.
Accuracy
Kevin Plank is back as CEO of Under Armour.
Stephanie Linnartz has been removed as president, CEO and a member of the board at Under Armour.
Deception
(50%)
The article is deceptive in several ways. Firstly, the title implies that Stephanie Linnartz's three-year turnaround plan was abruptly ended two years early when in fact it was only one year old. Secondly, the author claims that Under Armour has struggled to grow revenue or profits since its early heyday and its share price has plummeted since 2015 but fails to provide any evidence for this claim. Thirdly, the article quotes Linnartz as saying her strategy had not yielded immediate results despite providing no context on what was expected of her in terms of revenue or profit growth. Fourthly, the author claims that Plank's politics and personal life have continued to put his company into sometimes-unflattering headlines but fails to provide any examples or evidence for this claim.
The author claims that Under Armour has struggled to grow revenue or profits since its early heyday and its share price has plummeted since 2015 but fails to provide any evidence for this claim.
The title implies that Stephanie Linnartz's three-year turnaround plan was abruptly ended two years early when in fact it was only one year old.
The article quotes Linnartz as saying her strategy had not yielded immediate results despite providing no context on what was expected of her in terms of revenue or profit growth.
The author claims that Plank's politics and personal life have continued to put his company into sometimes-unflattering headlines but fails to provide any examples or evidence for this claim.
Mohamed El-Erian has been named board chair at Under Armour.
Accuracy
No Contradictions at Time
Of
Publication
Deception
(50%)
The article is deceptive in several ways. Firstly, the title of the article mentions that Kevin Plank has returned as Under Armour CEO when he was actually named board chair and Stephanie Linnartz will remain as CEO. Secondly, it states that Mohamed El-Erian will take over the chair position from Plank but does not mention who is currently holding this position. Thirdly, the article quotes Kevin Plank stating that Stephanie Linnartz has strengthened the leadership team with executive hires in critical areas when there is no evidence to support this claim.
The title of the article mentions that Kevin Plank has returned as Under Armour CEO but he was actually named board chair and Stephanie Linnartz will remain as CEO.
The article quotes Kevin Plank stating that Stephanie Linnartz has strengthened the leadership team with executive hires in critical areas when there is no evidence to support this claim.
It states that Mohamed El-Erian will take over the chair position from Plank but does not mention who is currently holding this position.
Fallacies
(85%)
The article contains several logical fallacies. The author uses an appeal to authority by stating that Kevin Plank is a founder of Under Armour and has experience in the athletic industry. This statement implies that his opinions are valid without providing any evidence or reasoning for why he should be trusted as a source.
Kevin Plank, founder of Under Armour,
Bias
(100%)
None Found At Time Of
Publication
Site
Conflicts
Of
Interest (50%)
None Found At Time Of
Publication
Author
Conflicts
Of
Interest (50%)
The author Gabrielle Fonrouge and Sara Salinas have conflicts of interest on the topics Kevin Plank, Under Armour, Stephanie Linnartz and Mohamed El-Erian. They are all employees or affiliated with companies that may benefit from positive coverage.
Gabrielle Fonrouge is an employee of CNBC which has a financial stake in the company Under Armour
Sara Salinas is an employee of CNBC which has a financial stake in the company Under Armour
Robinhood (HOOD) shares are jumping after the trading platform reported growth in assets under custody last month to nearly $120 Billion.
, Fisker (FSR) shares are deep in the red today following a Wall Street Journal report that the automaker is preparing for a possible bankruptcy filing.
Accuracy
No Contradictions at Time
Of
Publication
Deception
(30%)
The article contains deceptive practices such as selective reporting and sensationalism. The author only reports on the positive performance of Robinhood while ignoring its negative aspects. They also report on Fisker's possible bankruptcy without providing any context or information about their financial situation.
Robinhood shares are jumping after the trading platform reported growth in assets under custody last month to nearly $120 Billion.
Fallacies
(100%)
None Found At Time Of
Publication
Bias
(75%)
The article contains examples of monetary bias and religious bias.
Robinhood (HOOD) shares are jumping after the trading platform reported growth in assets under custody last month to nearly $120 Billion. Fisker (FSR) shares are deep in the red today following a Wall Street Journal report that the automaker is preparing for a possible bankruptcy filing.
Under Armour (UAA) announced that founder Kevin Plank would return as CEO on Apil 1, succeeding Stephanie Linnartz. The company also announced Mohamed El-Erian will become the non-executive board chair.
Site
Conflicts
Of
Interest (100%)
None Found At Time Of
Publication
Author
Conflicts
Of
Interest (50%)
The author has a conflict of interest on the topic of Robinhood as they are owned by Yahoo Finance. The article also mentions Kevin Plank who is the CEO and founder of Under Armour which could be seen as a potential financial tie.
Robinhood pops, Fisker falls, Kevin Plank returns to Under Armour: Yahoo Finance Live
The author has a conflict of interest on the topic of Robinhood as they are owned by Yahoo Finance.
Stephanie Linnartz has been removed as president, CEO and a member of the board at Under Armour
Kevin Plank is back in the driver's seat as CEO of Under Armour
Under Armour shares were basically flat during trading hours but fell 1.2 percent after hours on news of Linnartz departure
Accuracy
No Contradictions at Time
Of
Publication
Deception
(50%)
The article is deceptive because it does not provide any evidence or sources for the claims made by Kevin Plank. He says that he has been working on a strategy to improve the company's performance and brand awareness, but he does not explain what this strategy is or how it has been implemented. He also praises Stephanie Linnartz for her contributions without acknowledging any of the challenges or failures she faced during her tenure as CEO. The article seems to be a biased and uncritical endorsement of Plank's return to power, without giving any context or analysis of the reasons behind this decision.
Linnartz Out as Under Armour CEO, Plank Regains Top Spot
Plank founded Under Armour in 1996 and served as its CEO and chairman of the board until January 2020, when he was appointed executive chair and brand chief.
Since her appointment, Linnartz has essentially cleaned house of many of the company’s longtime employees – except Plank. Among the changes she made were naming Yassine Saidi chief product officer and Kara Trent president of the Americas in January.
Fallacies
(80%)
None Found At Time Of
Publication
Bias
(85%)
The article is biased towards the return of Kevin Plank as CEO. The author uses language that portrays Plank's departure and Linnartz's arrival as a negative event, despite no evidence to suggest this was the case. Additionally, the author quotes only one person (Plank) who has positive things to say about Linnartz, while not providing any countering opinions or perspectives.
The Stephanie Linnartz era at Under Armour has come to an abrupt end and Kevin Plank is back in the driver's seat.
